Author: Yeek.io

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Eric Trump talks to World Liberty Financial’s Zach Witkoff and Tron creator Justin Sun about how the institutional banks will be left ‘in the dust’ if they fail to embrace crypto. On May 1 during Token2049’s fireside chat session, Eric Trump opened up about how he and his family were “canceled” by the modern financial system, which led him to discover the world of cryptocurrency. “Modern finance is absolutely broken. And so when the banks came after our family, I’ll never forget it, we became the most canceled people in the world all because we’re associated with politics in the…

April 2025 became yet another historic month for the crypto industry, as blockchain security firm CertiK confirmed that a staggering $364 million was lost to scams, hacks, and phishing attacks. #CertiKStatsAlert Combining all the incidents in April we’ve confirmed ~$364M lost to exploits, hacks and scams after ~$18.2m was returned.KiloEx, Loopscale and zkSync all had funds returned by whitehat exploiters.~$337M of the total is attributed to phishing.More… pic.twitter.com/0GBcSZgdPB— CertiK Alert (@CertiKAlert) April 30, 2025 This figure marks a 1,163% increase from March’s $28.8 million in losses. The surge, according to CertiK’s April 30 post on X, was driven primarily by…

World Liberty Financial’s stablecoin, USD1, has been used to facilitate Abu Dhabi’s AI investment firm MGX’s landmark $2 billion investment into Binance. At Token2049 on May 1, World Liberty Financial co-founder Zach Witkoff confirmed that the project’s USD-pegged stablecoin, USD1, has been selected as the official stablecoin for MGX’s investment into Binance. “We are excited to announce today that USD1 has been selected as the official stablecoin to close MGX’s $2 billion investment in Binance. We thank MGX and Binance for their trust in us and I think it’s only the beginning,” said Witkoff during the conference. The investment marks…

Fartcoin jumped 12% in 24 hours, hitting a 3-month high of $1.25 as demand surged. The memecoin showed strong upward momentum, with buyers firmly in control. Over the past 24 hours, Fartcoin [FARTCOIN]  has emerged as the top gainer, outperforming other crypto assets. In fact, the memecoin has spiked to reach a three-month high of $1.25. Since reaching a low of $0.41, Fartcoin has traded within an ascending channel. At press time, it traded at $2.249—up 12.23% on the daily chart. During the same period, the memecoin’s historical volume has surged by 39% to reach $2 billion. On top of…

U.S. spot Bitcoin ETFs closed out April with money flowing out as Bitcoin slipped below the $95,000 support level, partly because of worries over Trump’s new tariffs and weak U.S. economic data. According to SoSoValue data, the 12 spot Bitcoin ETFs saw $56.23 million in outflows on April 30, breaking an 8-day streak that had brought in nearly $4 billion. Most of the pullback came from Fidelity’s FBTC and ARK & 21Shares’ ARKB, which lost $137.49 million and $130.79 million, respectively. Grayscale’s GBTC and Bitwise’s BITB also lost $31.96 million and $23.02 million. On the flip side, BlackRock’s IBIT, the…

VIRTUAL rallied as much as 38% today following renewed investor interest after the Virtuals’ team rolled out a big Genesis update aimed at boosting transparency across the ecosystem. According to data from crypto.news, Virtuals Protocol (VIRTUAL) surged to an intraday high of $1.67 on the morning of May 1, extending its gains to nearly 300% from last month’s low.  As of press time, its market cap has crossed the $1 billion mark, with daily trading volume reaching nearly $600 million, a 60% increase from the previous day. Today’s surge adds fuel to a rally that kicked off back on April…

Losses from hacks and scams surged in April, with one single incident accounting for most of the damage. In April, the crypto sector lost a staggering $364 million to exploits, scams, and hacks, a 1,163% surge from the $28.8 million recorded in March, according to an April 30 X post from blockchain security firm CertiK. The surge was largely driven by a single attack targeting an elderly American, who lost 3,520 Bitcoin worth $330.7 million.  As previously reported by crypto.news, the attacker reportedly used advanced social engineering tactics to gain access to the victim’s wallet, making it the fifth-largest crypto…

Dallas, TX — April 30, 2025 (GLOBE NEWSWIRE) — Spark Biomedical, a pioneering leader in wearable neurostimulation technology, announced today the successful closing of its $15 million Series A funding round. The round was led by WAVE Ventures, with strategic participation from Pathway to Cures, the venture philanthropy fund of the National Bleeding Disorders Foundation. This milestone investment will accelerate Spark Biomedical’s mission to transform patient care through bioelectronic medicine, with a focused expansion in neurological health, hemostasis, and women’s health. Advancing a New Standard in Non-Invasive, Drug-Free Therapies: Spark Biomedical is at the forefront of a healthcare revolution, harnessing…

A coalition of 30 crypto advocacy groups, led by the Crypto Council for Innovation, has urged the Securities and Exchange Commission to clarify regulations on staking and staking services. In response to the SEC’s recent call for public input on whether staking and liquid staking should fall under federal securities laws, the coalition submitted a joint letter outlining why they believe staking should not be treated as a securities activity. The letter, addressed to SEC Commissioner Hester Peirce, comes amid growing calls from the crypto industry for regulatory clarity around core blockchain infrastructure. The group, coordinated through the Council’s Proof…